Comerica Bank lessened its stake in ServiceMaster Global Holdings, Inc. (NYSE:SERV) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,262 shares of the business services provider’s stock after selling 106 shares during the quarter. Comerica Bank’s holdings in ServiceMaster Global Holdings were worth $206,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FNY Partners Fund LP bought a new position in shares of ServiceMaster Global Holdings in the first quarter valued at approximately $104,000. Goldman Sachs Group Inc. lifted its holdings in shares of ServiceMaster Global Holdings by 8.9% in the first quarter. Goldman Sachs Group Inc. now owns 317,220 shares of the business services provider’s stock valued at $13,244,000 after purchasing an additional 25,882 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of ServiceMaster Global Holdings by 13.0% in the first quarter. Alliancebernstein L.P. now owns 84,843 shares of the business services provider’s stock valued at $3,542,000 after purchasing an additional 9,733 shares in the last quarter. Columbia Wanger Asset Management LLC lifted its holdings in shares of ServiceMaster Global Holdings by 271.2% in the first quarter. Columbia Wanger Asset Management LLC now owns 851,578 shares of the business services provider’s stock valued at $35,553,000 after purchasing an additional 622,152 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of ServiceMaster Global Holdings by 5.0% in the first quarter. Vanguard Group Inc. now owns 10,436,101 shares of the business services provider’s stock valued at $435,707,000 after purchasing an additional 494,133 shares in the last quarter.

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A number of research firms have recently weighed in on SERV. BidaskClub lowered ServiceMaster Global Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $44.00 target price on shares of ServiceMaster Global Holdings in a report on Tuesday, June 27th. Oppenheimer Holdings, Inc. started coverage on ServiceMaster Global Holdings in a report on Wednesday, September 20th. They issued an “outperform” rating and a $55.00 target price on the stock. Rowe started coverage on ServiceMaster Global Holdings in a report on Tuesday, September 19th. They set an “outperform” rating and a $55.00 price target on the stock. Finally, CIBC started coverage on ServiceMaster Global Holdings in a report on Wednesday, September 20th. They set an “outperform” rating and a $55.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $49.30.

In related news, SVP James T. Lucke sold 9,230 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $43.77, for a total value of $403,997.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Timothy M. Haynes sold 45,623 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $44.48, for a total value of $2,029,311.04. Following the completion of the transaction, the insider now directly owns 29,833 shares in the company, valued at $1,326,971.84. The disclosure for this sale can be found here. Insiders sold a total of 1,225,655 shares of company stock worth $52,344,228 over the last ninety days. 1.20% of the stock is currently owned by insiders.

Shares of ServiceMaster Global Holdings, Inc. (NYSE:SERV) opened at 46.73 on Friday. The company’s 50-day moving average price is $45.60 and its 200-day moving average price is $41.04. ServiceMaster Global Holdings, Inc. has a one year low of $32.41 and a one year high of $48.48. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 28.49 and a beta of 1.04.

ServiceMaster Global Holdings (NYSE:SERV) last released its quarterly earnings data on Monday, July 31st. The business services provider reported $0.69 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $807.00 million for the quarter, compared to analysts’ expectations of $806.64 million. ServiceMaster Global Holdings had a return on equity of 40.74% and a net margin of 7.92%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. On average, equities research analysts predict that ServiceMaster Global Holdings, Inc. will post $2.04 earnings per share for the current year.

ServiceMaster Global Holdings Company Profile

ServiceMaster Global Holdings, Inc is a provider of essential residential and commercial services. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. Its portfolio of brands includes Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.

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Institutional Ownership by Quarter for ServiceMaster Global Holdings (NYSE:SERV)

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